A large number of public pension schemes around the world have accumulated significant reserves. Pre-funding might reduce the risk that future governments will not be able to meet pension obligations. The management of these funds therefore, has a direct effect on financial sustainability and potential benefit levels. It also has important indirect effects on the overall economy, especially when the funds are large relative to domestic capital markets...
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INFORMATION
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2002/07/01
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Document de travail (série numérotée)
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33407
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1
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1
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2005/08/23
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Disclosed
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Managing public pension reserves - Part II : lessons from five recent OECD initiatives
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public pension fund
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